“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Friday, April 23, 2010

Wonderboy At Cooper Union

So Wonderboy staged his second coming of Lincoln at Cooper Union yesterday.

Maybe he's turning out to be another Lincoln, after all, but not in the manner he envisioned. There are those who point to Lincoln's suspension of habeas corpus, imprisoning of newspaper editors who didn't agree with his prosecution of the war, and a few other choice violations of Constitutionally-guaranteed rights and freedoms.

In short, some viewed Lincoln as a dictator. Guess Wonderboy is making headway on being the second Lincoln, after all.

Yesterday's speech from the First Rookie, who, to my knowledge, has absolutely no background in, nor understanding of finance, was devoid of any sense of compromise or seeking a generally-agreed best solution for weaknesses in current law governing and structure in the sector.

Instead, as I expected, he simply demanded that Republicans vote for the flawed, dangerously-designed bill that bribed- and grafted-up Senator Dodd (D-CT) has cobbled together to a length of over one thousand pages. In effect, a financial sector version of the largely-unread, incomprehensible health care 'reform' rammed through Congress on a strictly party-line vote.

If Wonderboy truly wanted effective financial sector reform, he'd invite both parties to work together, using public testimony from affected firms in the industry, to write a widely-supported bill. And time wouldn't be an issue.

Why is it this president insists on ramming major, sector-changing laws through Congress without sufficient debate and input, claiming that 'something must be done now?' That any opposition is to total reform, not just his reform?

That's how you know that, with this president, the issue is never getting the best legislation. Instead, it's to get something liberal and accretive to federal power before the November elections limit what a Democratically-controlled Congress can still get away with.

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